According to the President of Intuit’s Global Business division, Alex Lintner, since the beta rollout in July this year more than 360,000 small businesses in 130 countries have started using QuickBooks Online, which he said offered an “affordable and powerful cloud solution that is optimised for around-the-world use.”
“With QuickBooks Online becoming available globally, we can now help the 29 million small businesses in the U.S., as well as the more than 500 million small businesses worldwide, effectively manage their operations and achieve financial success.”
Intuit CEO, Brad Smith, told investors at Intuit’s annual investor day that the commitment to “harnessing the power of many is part of the company’s evolving connected services strategy,” and that “participation-driven innovation,” was at the heart of the QuickBooks Online platform, which he maintained was built to be flexible so customers could make it “fit the needs of their businesses and their country.”
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Intuit financial management solutions division Senior Vice President, Dan Wernikoff, said the QuickBooks Online platform allowed for “customer configuration, user-defined tax rates and country-specific interactions that make a small business in the Philippines, for example, feel like QuickBooks Online has been developed explicitly for their country.”
“Highly customisable content makes QuickBooks Online local everywhere, helping the world’s small businesses and accountants quickly get set up and running their business anywhere in the world.”
Wernikoff said that, through QuickBooks Online, small businesses could:
• Help save time on common finance tasks, such as invoice creation, managing sales tax and organising sales receipts
• Get set up to be paid faster with tools to help centralise income forms (estimates, invoices, sales receipts, etc), summarise totals for due or past due transaction items as well as tips to help take immediate action
• Easily track customers, orders, income and expenses so a small business can always see where it stands
• Gather all tax relevant information in one place to avoid tax time headaches
• Leverage the power of the cloud via a mobile device to stay on top of finances while on the road
• Get in-depth business insights with reporting tools that analyse their business and industry trends to help them move their business forward
